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Electric vehicles are rapidly gaining popularity as consumers increase purchases.
Nio (NIO 1.97%) and BYD (BYDD.F -1.04%) (BYDDY) are catching a powerful tailwind from growing electric vehicle (EV) sales. This video will answer which EV stock is the best one to buy.
*Stock prices used were the afternoon prices of Feb. 2, 2023. The video was published on Feb. 4, 2023.
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BYD and Nio. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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